Fed’s Waller says rate cut in March is a ‘coin flip’ following a strong US jobs report
Fed Governor Waller said the March rate decision hinges on February jobs data after January added 130,000 jobs, with outcomes seen as a 'coin flip,' reflecting labor market risks.
- On Monday, Federal Reserve governor Christopher Waller said solid January job gains could let the Fed skip a rate cut at its March meeting, a move likely to spur further attacks by President Donald Trump.
- Waller's stance shifted after his January dissent, when he noted last month's 130,000 jobs gain could be a one-time surge needing confirmation next month.
- Waller described the outlook as 'close to a coin flip' and said if January's job gains vanish in February, 'a cut should be made at the March meeting'.
- The Fed's decision left short-term interest at about 3.6%, and Waller noted rate cuts can lead to cheaper borrowing for mortgages, auto loans and business loans over time.
- Looking beyond March, Waller flagged that meager gains reported earlier this month for last year will likely be revised below zero, hiring could pick up this year, and the Supreme Court decision on tariffs will have limited economic impact.
38 Articles
38 Articles
Fed's Waller says rate cut in March is a 'coin flip' following a strong U.S. jobs report
Federal Reserve governor Christopher Waller said Monday that solid job gains in January could mean the central bank can skip a rate cut at its next meeting in March, a move that would likely spur further attacks by President Donald…
Fed's Waller says rate cut in March is a 'coin flip' following a strong US jobs report
Federal Reserve governor Christopher Waller said Monday that solid job gains in January could mean the central bank can skip a rate cut at its next meeting in March, a move that would likely spur further attacks by President Donald Trump.
Central bank governor calls January's creation of 130,000 new jobs "unexpectedly positive"
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